Broker Reviews Overview
Choosing the perfect broker for you is an important first step on your trading journey. Like a good pair of gloves, your broker of choice should be a suitable fit for you. But with so many brokers out there today, where do you start?
Here at AskTraders, our expert team of trading professionals has taken care of all the hard work for you. We’ve reviewed and ranked our trusted broker partners to save you hours of research.
Along the way, we’ve looked at everything from account types and features, to trading fees and FCA regulation and condensed all of this information into a handy snapshot overview.
Strengths
- Fully-automated investment service
- Expert financial advisors
- UK firm with FCA regulation
- Competitive fees
- Diverse range of investment assets
Weaknesses
- Cannot trade in or manage your own portfolio
- No telephone support at night or on weekends
- High minimum investment required of £50,000 unless part of a Netwealth Network
Strengths
- Fast execution
- Social trading with IX Social
- Leverage up to 1:1,000 for some clients
- Minimum deposit of only $1
Weaknesses
- Limited number of markets
- Some services exclusive to Professional accounts
Strengths
- Zero commissions
- User-friendly platform
- High-grade analytical tools
- Cryptocurrency trading
Weaknesses
- Limited entry-level educational material
- No mutual funds or bonds
Strengths
- An excellent reputation in the financial space
- The trading platform is well-suited to beginner investors
- Great customer support team
- A wide range of different account types
Weaknesses
- High fees
- No educational resources
- Research offering is not great
Strengths
- Up-to-date financial information for traders
- Stress-free methods of payment
- Accessible customer support services
- Online app for mobile trading
- Wide access to global markets
Weaknesses
- No demo account for inexperienced traders
- Lack of tutorials for self-learning
- Reflection of payment is not instant for traders
Strengths
- They offer plenty of investment choices
- The company provides customers with excellent research
- Expert advisors supported
- You can choose ready-made portfolios or ETFs
- Four types of investment accounts
Weaknesses
- There is no demo for traders to practice
- Limited training available
- They have fewer ETFs available in comparison to other brokers
Strengths
- Extensive range of financial assets
- Zero charges or commission on any product
- Zero fees on deposits or withdrawal
- Funding can be done via various methods
- Availability of demo account for practice
Weaknesses
- Not CySec regulated
- Only one bonus
Open Demo Account
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Full Review
Strengths
- Solid regulation
- Robust in-house trading platform
- Various social trading options
- New futures trading capabilities
Weaknesses
- Not particularly competitive on spreads
- Only 21-day demo account - can be extended on request
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Strengths
- Equinix NY4 order matching engine makes it perfect for automated trading
- Raw spread accounts with trading from 0.0 pips
- Free demo account
- Average EUR/USD spreads from 0.1
- Quick execution speed with trades completed on average under 40ms
Weaknesses
- Caters mainly to the Australian market
- No major awards
- Limited exotic currency pairs
Strengths
- Range of assets supported
- Offers plenty of educational content
Weaknesses
- Website seems dated
- $5,000 minimum deposit
